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Oct 12 Robert Gibbons
An article in Accountancy Age, based on Deloitte research, reports that corporate insolvencies are currently lower than they were in 2006.
Corporate administrations are down 36% for the first nine months of 2010 compared to the same period last year according to Deloitte. The figure is a 20% drop on the same period in 2006, a year before the financial downturn began.
There have been 1,648 administrations this year compared with 2,589 for the same period in 2009.
The retail sector saw the most pronounced reduction in administrations as company collapses fell 50% for the first nine months of this year, compared with the same period in 2009.
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